Lennar, LGI Homes Look To Build On Rivals' Gains

Lennar (LEN) and LGI Homes (LGIH) look to continue a strong recent run for homebuilders when they report quarterly financial results.

Lennar, the No. 2 U.S. builder by market cap, is slated to report fiscal fourth-quarter earnings before the open on Wednesday.

Analysts expect the Miami-based company to post earnings of 62 cents a share, up 11% from the previous year. Sales are seen rising 39% to $1.88 billion. If that happens, it will be Lennar's sixth straight quarter of 30%-or-better sales growth.

LGI, based in The Woodlands, Texas, is also due to report results before the open Wednesday. Its Q3 earnings are expected to come in at 12 cents a share, while sales are projected to rise more than nine-fold to $225.9 million.

It will be LGI's first quarterly report as a publicly traded company. LGI had its initial public offering on Nov. 7 and priced at $11. Shares currently trade near 16.

On Thursday, Hovnanian Enterprises (HOV) delivered better-than-expected fiscal Q4 quarterly sales and earnings and gave an upbeat assessment of the U.S. housing market.

Hovnanian swung to a profit of 21 cents a share for the quarter after posting a loss of 59 cents the prior year. Results topped views by a nickel. Revenue gained 21% to $591.7 million, above views for $582.89 million.

"We continue to believe that household formations — the primary driver of housing demand — will ultimately lead to increased demand for new homes, and we believe that our industry is still in the early stages of a housing recovery," Hovnanian Chief Executive Ara Hovnanian said in a statement.

On Tuesday, Toll Bros. (TOL) reported fiscal Q4 earnings of 54 cents a share, topping views for 43 cents. The company reported sales of $1.04 billion, also above estimates, as it benefited from volume growth and higher prices.

Last month, Atlanta-based Beazer Homes (BZH) swung to a profit in its fiscal fourth quarter, easily surpassing expectations after six straight quarterly losses. The company also breezed past revenue estimates.

Lennar (LEN) and LGI Homes (LGIH) look to continue a strong recent run for homebuilders when they report quarterly financial results.

Lennar, the No. 2 U.S. builder by market cap, is slated to report fiscal fourth-quarter earnings before the open on Wednesday.

Analysts expect the Miami-based company to post earnings of 62 cents a share, up 11% from the previous year. Sales are seen rising 39% to $1.88 billion. If that happens, it will be Lennar's sixth straight quarter of 30%-or-better sales growth.

LGI, based in The Woodlands, Texas, is also due to report results before the open Wednesday. Its Q3 earnings are expected to come in at 12 cents a share, while sales are projected to rise more than nine-fold to $225.9 million.

It will be LGI's first quarterly report as a publicly traded company. LGI had its initial public offering on Nov. 7 and priced at $11. Shares currently trade near 16.

On Thursday, Hovnanian Enterprises (HOV) delivered better-than-expected fiscal Q4 quarterly sales and earnings and gave an upbeat assessment of the U.S. housing market.

Hovnanian swung to a profit of 21 cents a share for the quarter after posting a loss of 59 cents the prior year. Results topped views by a nickel. Revenue gained 21% to $591.7 million, above views for $582.89 million.

"We continue to believe that household formations — the primary driver of housing demand — will ultimately lead to increased demand for new homes, and we believe that our industry is still in the early stages of a housing recovery," Hovnanian Chief Executive Ara Hovnanian said in a statement.

On Tuesday, Toll Bros. (TOL) reported fiscal Q4 earnings of 54 cents a share, topping views for 43 cents. The company reported sales of $1.04 billion, also above estimates, as it benefited from volume growth and higher prices.

Last month, Atlanta-based Beazer Homes (BZH) swung to a profit in its fiscal fourth quarter, easily surpassing expectations after six straight quarterly losses. The company also breezed past revenue estimates.

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